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TX Proposition 7 - Financial Institution Prizes
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| Parents |
> United States > Texas > Constitutional Amendments > 2017 TX Constitutional Amendments > Proposition 7 - Financial Institution Prizes
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| Office | Referendum |
| Honorific | Referendum - Abbr: |
| Type | General Election |
| Filing Deadline | June 01, 2017 - 12:00pm Central |
| Polls Open | November 07, 2017 - 07:00am Central |
| Polls Close | November 07, 2017 - 07:00pm Central |
| Term Start | November 08, 2017 - 12:00pm |
| Term End | December 31, 9999 - 12:00pm |
| Contributor | Mr. Matt |
| Last Modified | Mr. Matt October 30, 2022 07:53pm |
| Data Sources | [Link]
[Link] |
| Description |
The constitutional amendment relating to legislative authority to permit credit unions and other financial institutions to award prizes by lot to promote savings.
Proposed Constitution change (Subsection d-2 to Section 47 of Article III):
(d-2) Subsection (a) of this section does not prohibit the legislature from authorizing credit unions and other financial institutions to conduct, under the terms and conditions imposed by general law, promotional activities to promote savings in which prizes are awarded to one or more of the credit union's or financial institution's depositors selected by lot.
[Link]
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